Defective product/work quality issues, crashes and human error are listed as the top causes of liability loss for businesses, according to a report published by Allianz Global Corporate Specialty (AGCS). Collectively, these top three causes of loss for businesses account …
For the first time in 20 months, the MarketScout composite rate index for commercial accounts in the United States measured a rate increase at plus 1 percent in the first quarter. Rates for business interruption, general liability and surety coverages …
A painting with problematic pigment. A Chanel suit dressed up with acetate trim instead of silk. A Stradivarius violin that, well, just doesn’t sound right. They’re all part of a new exhibit at Delaware’s Winterthur Museum that offers would-be sleuths …
Workers’ compensation specialist The MEMIC Group, based in Portland, Maine, has announced the promotion of Karen Schwartz to the position of vice president of underwriting compliance. She is responsible for leading the underwriting regulatory compliance and quality assurance teams across …
More companies, including carmaker BMW and insurer Allstate, have pulled their advertising from Fox News’ “The O’Reilly Factor” television program days after the New York Times reported Fox and star host Bill O’Reilly paid five women to settle claims he …
Penn Community Insurance, a Perkasie, Penn.-based wholly owned subsidiary of Penn Community Bank, has hired Peter Frentzen and Robert J. Roberts. Frentzen and Roberts bring additional skills and capabilities to Penn Community Insurance, which has expanded in recent years to …
Maximum, an independent, Chicago, Ill.-based excess and surplus lines wholesaler, has acquired Philadelphia, Penn.-based transportation specialist Starpoint General Agency. Kevin Long, who manages the Philadelphia office, has more than two decades of insurance and risk management experience. “We look forward …
A large-scale cyber attack from a group targeting organizations in Japan, the United States, Sweden and many other European countries through IT services providers has been uncovered, the Swedish computer security watchdog said on Wednesday. The cyber attack, uncovered through …
The Trump administration is proposing to slash funding for grants to prevent lead poisoning, climate change research and criminal enforcement against polluters as part of its plan to reduce funding at the Environmental Protection Agency by nearly a third. An …
Britain will get 60 million euros (51.3 million pounds) from the European Union to repair damage caused by the floods last year, a lawmaker said on Tuesday. Britain had asked for EU support to rebuild infrastructure damaged by heavy rains …
